All five Storebrand funds posted June gains, outperforming their benchmarks, with returns ranging from roughly 4% to nearly 6%. Managers noted global equities were largely unchanged in June, influenced by AI spending concerns and progress in talks between the US and Iran. SpaceX’s US listing, valued at about $1.77 trillion, was highlighted as a notable market milestone across the funds. Market attention remained focused on the Middle East conflict, with expectations for a permanent, stable solution still distant. Portfolios were tech-heavy, led by Nvidia, Apple and Microsoft (and, in one case, Sandisk), with information technology the dominant sector and US, Japan, and Canada among the largest country exposures. Across the set, year-to-date gains remained strong, with several funds posting double-digit returns well ahead of benchmarks.